Monday, 1 April 2019

EPIC RESEARCH NCDEX Soyabean UPDATE OF 1 April 2019



Soyabean trading range for the day is 3626-3712.

Soyabean settled up on short covering after prices dropped on worries over demand for ample U.S. supplies as Brazilian farmers are harvesting a bumper crop.

Meantime, soybean arrivals during current soybean year 2018-19 (OctoberSeptember) jumped nearly 25% to 7.3 million tons .

Also, October-February soybean arrivals jumped 25% on year to 7.3% million tons as per data released by Soybean Processors Association of India.


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